Brazil Business Confidence August 2018

Brazil

Brazil: Business confidence slips into pessimistic territory in August

August 28, 2018

Business sentiment in Brazil weakened in August, with the Getulio Vargas Foundation’s (FGV, Fundaçao Getúlio Vargas) business confidence index falling to 99.7 points from 100.1 points in July. As a result, the index is now below the 100-point threshold and businesses expect economic conditions to deteriorate.

According to the FGV, the deterioration in July was driven by a more downbeat outlook on the current economic situation.

Brazil Fixed Investment Forecast


Panelists surveyed for this month’s LatinFocus report see fixed investment rising 3.4% in 2018, which is unchanged from last month’s forecast. For 2019, panelists expect fixed investment to grow 4.7%.


Author: Angela Bouzanis, Lead Economist

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Brazil Business Confidence August 2018

Note: Index of business sentiment (seasonally adjusted). The 100-point threshold represents the point above which businesses expect economic conditions to improve.
Source: Getulio Vargas Foundation


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